Asked by
Jasmine Bustos
on Oct 23, 2024
Verified
On average how much will a medical practice generally receive if the provider charges $100 for services and the patient pays with a credit card?
A) $100
B) $95-$99
C) $90-$94
D) $86-$89
E) $82-$85
Credit Card
A plastic card issued by a financial institution, allowing the cardholder to borrow funds for purchases or cash advances with the promise to repay back over time.
Medical Practice
The work or profession of providing medical care and services to patients, including diagnosis, treatment, and prevention of diseases.
Services Charged
Fees applied for professional services rendered, often in the context of healthcare, legal, or consulting work.
- Understand the implications of patient payment methods on revenue and how to effectively communicate payment expectations.
Verified Answer
JG
Learning Objectives
- Understand the implications of patient payment methods on revenue and how to effectively communicate payment expectations.